Locale @State St is a community in Fremont with 76 rowhomes and 81 condosfor sale.
SAN JOSE—The Bay Area, underpinned by meteoric growth in thetech, semiconductor and biotech industries, has generatedunemployment rates matched only by the late 1990s. Householdformation has surged, yet a lack of housing, primarily multifamilyunits, has pushed vacancy to extremely low levels, according to afourth quarter report by Marcus & Millichap.
With tech's influence continuing to rise in the region, SiliconValley is considered one of the hottest housing markets in thecountry. As a result, developers struggle to keep up with demandfor affordable, transit or freeway-proximate housing with mixed-useelements.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
